BEAVER MOTORS 401K PLAN (THE PLAN) PLAN ID: 836762 As … · 2018. 12. 5. · 1 BEAVER MOTORS 401K PLAN (THE "PLAN") PLAN ID: 836762 As of 10/31/18 IMPORTANT NOTICE Plan and Investment-Related

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BEAVER MOTORS 401K PLAN (THE "PLAN")PLAN ID: 836762

As of 10/31/18

IMPORTANT NOTICE

Plan and Investment-Related InformationIncluding Investment Option Performance History, Fees and Expenses

The following information is being provided to you by, or at the direction of, your Plan Fiduciary to help provide you with important disclosures and informationregarding any Plan account you may maintain.

Please note that nothing in this Notice is intended to serve as a substitute for investment, fee and expense information that may be available to you in asummary plan description, prospectus, or in other disclosure materials. Before making any investment decisions regarding your account, you should review allinformation available to you and not rely solely upon the information contained in this Notice.

In addition, please be mindful that:

· An investment's past performance is no guarantee of future results.· To help achieve long-term retirement security, you should give careful consideration to the benefits of a well-balanced and diversified

investment portfolio.· Fees and expenses are only one of several factors you should consider when making investment decisions. For more information and an

example demonstrating the long-term effect of fees and expenses, please visit: http://www.dol.gov/ebsa/publications/401k_employee.html andhttp://www.dol.gov/ebsa/publications/undrstndgrtrmnt.html.

Please review this information carefully, and note that no other action on your part is required at this time. However, if you would like to enroll or make changesto your account, simply log-in to www.massmutual.com/retirementaccess at any time, or call the Participant Service Center at 1-888-547-1405 .Representatives are available Monday through Friday, 8:00 a.m. - 8:00 p.m. Eastern Time.

Your Plan Sponsor can provide you with the following additional information regarding your Plan, upon your request:

· Copies of prospectuses (or any short-form or summary prospectuses, or similar documents) relating to your Plan's investment options.· Copies of any financial statements or reports, such as statements of additional information, shareholder reports and similar materials relating to your

Plan's investment options to the extent such materials are provided to the plan.· A statement of the value of a share or unit of each investment option in your Plan, as well as the date of the valuation.· A list of the assets comprising the portfolio of each investment option which constitute Plan assets and the value of each such asset (or the proportion

of the investment which it comprises).

If you'd like any additional information or have any questions about this notice, please contact your Plan Sponsor. Contact information: BEAVER MOTORS401K PLAN, DBA BEAVER TOYOTA ST. AUGUSTINE, ATTN: KIM RAGSDALE, 2995 US 1 S, ST. AUGUSTINE FL 32086 6305.

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GETTING STARTED

Below is a Notice Summary that will help you navigate the information provided in this document. An investment Glossary of Terms is available at thefollowing website: www.massmutual.com/retirementaccess

Notice Summary

Part I:

, including:General Plan information

· Your right to direct investments in your Plan account

· Restrictions that may apply to your investment direction

· Exercising voting, tender and other rights

· The Plan's investment options

· The Plan's administrative fees and expenses

· The Plan's individual fees and expenses

Part II:

, including, where applicable:Plan Investment Option Information

· The fees and expenses charged for each investment option in the Plan

· Historical and benchmark performance for any Plan variable return investment options

· Any restrictions applicable to any investment option

· Rate, term, and adjustment information for any Plan fixed return investment options

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PART I

GENERAL PLAN INFORMATION

Your right to direct investments in your Plan account· You may direct your contributions into the investment options available through the Plan, subject to the terms of your Plan and the limitations and

restrictions described in this notice. Please refer to your Summary Plan Description or contact your Plan Sponsor.

Restrictions that may apply to your investment direction· You may change how contributions to your account are invested on any day the New York Stock Exchange is open for business, subject to the terms

of your Plan and the limitations and restrictions described in this notice, including any restrictions described in the investment performance and fees section of this Notice. Please note that, if you initiate in excess of 20 exchanges among the investment options offered in the plan during a calendar year, you must submit any subsequent changes using the form provided by the service center. Note: the 20-exchange limit does not apply to Fund exchanges that occur automatically as part of an asset allocation or Dollar Cost Averaging program that operates pursuant to your plan's recordkeeping system. Reallocations made based on a Fund merger or liquidation also do not count toward this transfer limit. Additionally, changes your plan sponsor or other plan fiduciary make to your plan's Fund line-up do not count towards this transfer limit.

Exercising voting, tender and other rights· Voting, Tender and Similar Rights - Generally, any voting, tender or similar rights regarding the investment options available through your Plan will be

exercised by your Plan Sponsor, or your Plan Sponsor's designee. Certain exceptions may apply; if your Plan Sponsor, or its designee, receives materials relating to the exercise of voting, tender or similar rights that are passed through to you, the Plan presently intends to provide them to you. You will generally have the ability to exercise voting, tender or similar rights, regarding any investments in a self-directed brokerage account. If your plan offers Company Stock, you have the right to exercise any voting, tender or similar rights on company common stock credited to your Plan account. If applicable, you will receive proxy, tender or exchange materials along with further instructions, which you must follow in order to exercise any voting, tender or similar rights.

The Plan's investment options· The Plan provides investment options into which you can direct your contributions. The investment performance and fees section of this document lists

these investment options and provides information regarding each alternative. A copy of this document, including the chart comparing investment options, is available on the Web site or can be obtained by contacting your Plan Sponsor.

THE PLAN'S ADMINISTRATIVE FEES AND EXPENSES:

The Plan pays certain outside service providers for Plan administrative services, such as legal, trustee/custodial accounting and recordkeeping services. The funds for the payment of such service expenses may be deducted from individual Plan accounts, unless the Plan Sponsor elects, at its own discretion,

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THE PLAN'S ADMINISTRATIVE FEES AND EXPENSES (CONTINUED):

to pay for some or all of the Plan's administrative service expenses through non-Plan assets. The cost for these expenses may vary from year to year and is based on a variety of factors.

As of the date of these materials, the Plan administrative fees and expenses listed below may be deducted from Plan accounts as applicable. Your quarterly account statement will show any administrative fees charged to your account. To the extent that any other applicable Plan administrative expenses are not charged against forfeitures, paid by the employer, or reimbursed by a third party, the Plan may charge such expenses on a pro rata (i.e., based on the relative size of each participant account), or per capita basis (i.e., a flat fee assessed against each individual account).

Please note: The fees listed below are shown as full dollar amounts, as a percentage of your account balance, or, if applicable, as a dollar amount per each investment option you select. In addition, any applicable fee minimums or maximums associated with a particular charge will be displayed below. All fees and expenses are displayed as charges on an annualized basis (unless otherwise indicated below in the Charge Frequency column) and subject to change at any time. All fees actually deducted from your account during a particular Plan quarter will be reflected and identified on your Plan's quarterly account statement.

Type of Plan Administrative Fee FeeAmount/Percentage

Minimum Maximum CalculationMethod

ChargeFrequency

Allocation

TPA PARTICIPANT FEE $5.00 N/A N/A Flat Dollar perParticipant

Quarterly

PAPER FORM FEE (IFAPPLICABLE)

$50.00 N/A N/A Flat Dollar perTransaction

On-Request

For further information or detail regarding any fees described as "Ad Hoc or miscellaneous fees" on your statement, you may contact theParticipant Service Center or your plan sponsor.

THE PLAN'S INDIVIDUAL FEES AND EXPENSES:

The Plan assesses certain fees against individual participant accounts, rather than against the Plan as a whole, when individual participants initiate certain transactions or utilize certain plan services. These fees may arise from, among other items, a participant's use of a feature available under the Plan (e.g., participant loans, exercising withdrawal/distribution rights), the addition of a service (e.g., investment advice or brokerage window services), or the application of applicable law (e.g., processing a domestic relations order issued by a court). The following list includes the individual participant fees and expenses that could be charged to you, based on your usage. Your quarterly account statement will show any individual fees charged to your account. In addition, buying, selling or holding some investments may result in charges to an individual account, such as sales charges or redemption fees. For information regarding such investment-related fees and expenses, please refer to the investment performance and fees section of this Notice.

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THE PLAN'S INDIVIDUAL FEES AND EXPENSES (CONTINUED):

Please note: The fees listed below are shown as full dollar amounts, as a percentage of your account balance, or, if applicable, as a dollar amount per each investment option you select. In addition, any applicable fee minimums or maximums associated with a particular charge will be displayed below. All fees and expenses are displayed as charges on an annualized basis (unless otherwise indicated below in the Charge Frequency column) and subject to change at any time. All fees actually deducted from your account during a particular Plan quarter will be reflected and identified on your Plan's quarterly account statement.

The Plan may impose service charges on individual accounts as follows:

Withdrawal/Distribution Fee

Described and listed below are any fees associated with taking a withdrawal or distribution from your Plan account.

Withdrawal/Distribution Fee FeeAmount/Percentage

Minimum Maximum Calculation Method ChargeFrequency

TPA PARTIAL DIST FEE CANCEL $60.00 N/A N/A Flat Dollar per Transaction On-Request

TPA PARTIAL DIST FEE $60.00 N/A N/A Flat Dollar per Transaction On-Request

TPA FULL DIST FEE CANCEL $60.00 N/A N/A Flat Dollar per Transaction On-Request

TPA FULL DIST FEE $60.00 N/A N/A Flat Dollar per Transaction On-Request

DISTRIBUTION FEE $50.00 N/A N/A Flat Dollar per Transaction On-Request

DISTRIBUTION CANCELLATIONFEE

$75.00 N/A N/A Flat Dollar per Transaction On-Request

Loan Fee

Described and listed below are any fees associated with taking a loan from your Plan account.

Loan Fee FeeAmount/Percentage


None N/A N/A Not Available Not Available

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Qualified Domestic Relations (QDRO) Fee

Described and listed below are any fees associated with the processing of any Domestic Relations Order (DRO) issued by a court with respect to the assets maintained in your Plan account.

Qualified Domestic Relations(QDRO) Fee

FeeAmount/Percentage



Guidance and Advice Fee

Described and listed below are any fees associated with any investment guidance or investment advice services available through your Plan.

Guidance and Advice Fee FeeAmount/Percentage


PAPER FORM FEE (IF APPLICABLE) $50.00 N/A N/A Flat Dollar per Transaction On-Request

Managed Account Fee

Described and listed below are any fees associated with any investment management services available through your Plan.

Managed Account Fee FeeAmount/Percentage



Other Fee

Described and listed below are any other fees associated with your Plan, its services and features.

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Other Fee FeeAmount/Percentage


PAPER FORM FEE (IF APPLICABLE) $50.00 N/A N/A Flat Dollar per Transaction On-Request

For further information or detail regarding any fees described as "Ad Hoc or miscellaneous fees" on your statement, you may contact theParticipant Service Center or your plan sponsor

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PART II

YOUR PLAN'S INVESTMENT OPTIONS09/30/18

INTRODUCTION:

The table appearing in Part II is intended to provide you with information regarding the investment options in your Plan, including information regardinginvestment performance history, fees and expenses, and any investment restrictions applicable as of the date of this material. For your Plan's variable returninvestment options, we have additionally provided benchmark information against which each investment option's performance can be compared.

Fees and expenses are among many factors to consider when you decide to invest in an option. You may also want to think about whether an investment ina particular option, along with your other investments, fits with your personal circumstances and will help you achieve your investment goals.

The performance data shown represents past performance and is no guarantee of future results. The investment return and principal value of an investmentmay fluctuate so that when shares/units are redeemed they may be worth more or less than their original cost. Current performance may vary from theperformance data quoted.

You may obtain additional information about your Plan's investment options, including updated performance data, portfolio turnover rates, principal strategies,goals and objectives, and a glossary of commonly-used investment terms, by logging in to your Plan account at the following website: www.massmutual.com/retirementaccess.

The cumulative effect of fees and expenses can substantially reduce the growth of your retirement Plan account. Visit the Department of Labor's Website foran example showing the long-term effect of fees and expenses at http://www.dol.gov/ebsa/publications/401k_employee.html.

To request additional information regarding your Plan, or to obtain a free paper copy of these materials or any Plan information provided online, pleasecontact your Plan Sponsor.

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VARIABLE RETURN INVESTMENT OPTIONSThe table below focuses on investment options that do not have a fixed or stated rate of return.

The performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of aninvestment will fluctuate so that an investor's shares/units, when redeemed, may be worth more or less than their original cost. Please visitwww.massmutual.com/retirementaccess or call the participant service center at 1-888-547-1405 to obtain performance data current to the mostrecent month-end.

As of 09/30/18

ASSET CLASSFund NameMorningstar CategoryBenchmark

Gross AnnualUnderlying

Fund Expense Ratio 1

Program andAdministrative

Charge2

Total GrossAnnual

Expense Ratio 3

Investment OptionPerformance4

InceptionDate

As a % Per $1000 invested Average Annual Return51 Yr. 5 Yr. 10 Yr./

Since Inception*

BOND

PIMCO TOTAL RETURN R 1.19% 0.00% 1.19% $11.90 -2.14% 1.62% 4.39% 05/11/87

Intermediate-Term Bond

BBgBarc US Agg Bond TR USD -1.22% 2.16% 3.77% N/A

Fees and Restrictions: 6 N/A

PIMCO REAL RETURN R 1.53% 0.00% 1.53% $15.30 -0.39% 0.59% 3.21% 01/29/97

Inflation-Protected Bond

BBgBarc US Treasury US TIPSTR USD

0.41% 1.37% 3.32% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

BOND

AB GLOBAL BOND R 1.23% 0.00% 1.23% $12.30 -0.91% 2.63% 4.60% 03/27/92

World Bond

FTSE WGBI NonUSD USD -1.57% -0.23% 1.99% N/A


AB HIGH INCOME R 1.22% 0.00% 1.22% $12.20 -1.01% 4.33% 9.03% 02/25/94

High Yield Bond

ICE BofAML US High Yield TRUSD

2.94% 5.54% 9.38% N/A


Corporate bonds, U.S. Treasury bills and U.S. government bonds will fluctuate in value, and the return of principal is not guaranteed if sold before maturity.

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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

ASSET ALLOCATION/BALANCED

THE HARTFORD BALANCEDINCOME R3

1.31% 0.00% 1.31% $13.10 2.74% 6.46% 8.44% 07/31/06

Allocation--30% to 50% Equity

Morningstar Mod Con Tgt RiskTR USD

3.91% 4.96% 6.25% N/A


MM RETIRESMARTJPMORGAN 2015 R3

1.44% 0.00% 1.44% $14.40 3.85% 4.40% 6.02% 04/01/10

Target-Date 2015

Morningstar Lifetime Mod 2015TR USD

4.96% 5.45% 4.67% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*



1.25% 0.00% 1.25% $12.50 4.98% 5.16% 6.60% 12/31/03

Target-Date 2020


5.50% 6.03% 7.29% N/A



1.31% 0.00% 1.31% $13.10 6.47% 5.98% 7.44% 04/01/10

Target-Date 2025


6.34% 6.76% 5.70% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*



1.26% 0.00% 1.26% $12.60 7.38% 6.45% 7.31% 12/31/03

Target-Date 2030


7.49% 7.56% 8.38% N/A



1.34% 0.00% 1.34% $13.40 8.08% 6.78% 8.09% 04/01/10

Target-Date 2035


8.65% 8.22% 6.97% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*



1.30% 0.00% 1.30% $13.00 8.44% 6.90% 7.48% 12/31/03

Target-Date 2040


9.42% 8.60% 9.07% N/A



1.43% 0.00% 1.43% $14.30 8.62% 7.17% 8.52% 04/01/10

Target-Date 2045


9.69% 8.69% 7.43% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*



1.38% 0.00% 1.38% $13.80 9.28% 7.37% 7.93% 12/17/07

Target-Date 2050


9.62% 8.62% 9.08% N/A


MM RETIRESMARTJPMORGAN IN RT R3

1.46% 0.00% 1.46% $14.60 2.45% 3.30% 4.91% 12/31/03

Target-Date Retirement

Morningstar Lifetime Mod IncmTR USD

4.39% 4.28% 5.52% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*



1.90% 0.00% 1.90% $19.00 9.22% 7.48% 09/17/13

Target-Date 2055


9.48% 8.51% 7.28% N/A


Asset Allocation doesn't ensure a profit or protect against loss.

LARGE-CAP

ALGER CAP APPINSTITUTIONAL R

1.62% 0.00% 1.62% $16.20 25.15% 15.27% 13.99% 11/08/93

Large Growth

Russell 1000 Growth TR USD 26.30% 16.58% 14.31% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

LARGE-CAP

BLACKROCK EQUITYDIVIDEND R

1.30% 0.00% 1.30% $13.00 10.84% 10.86% 9.38% 11/25/87

Large Value

Russell 1000 Value TR USD 9.45% 10.72% 9.79% N/A


JPMORGAN US EQUITY R2 1.25% 0.00% 1.25% $12.50 17.83% 13.08% 11.88% 09/17/93

Large Blend

Russell 1000 TR USD 17.76% 13.67% 14.43% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

LARGE-CAP

VIRTUS CEREDEX LG CP VALEQ A

1.28% 0.00% 1.28% $12.80 9.66% 9.75% 10.17% 10/31/89

Large Value



FIDELITY ADVISOR DIVERSSTOCK M

1.23% 0.00% 1.23% $12.30 20.23% 12.15% 12.45% 07/10/70

Large Blend

Russell 1000 TR USD 17.76% 13.67% 12.09% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

LARGE-CAP

MM S&P 500 INDEX R3 0.87% 0.00% 0.87% $8.70 16.90% 12.96% 10.97% 03/01/98

Large Blend

Russell 1000 TR USD 17.76% 13.67% 12.09% N/A


Stocks fluctuate in value and are subject to more risk than bonds or money market investments. Shares, when redeemed, may be worth more or less than their original cost.

MID-CAP

AB DISCOVERY VALUE R 1.53% 0.00% 1.53% $15.30 9.49% 9.71% 11.10% 03/29/01

Small Value



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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

MID-CAP

AB DISCOVERY GROWTH R 1.40% 0.00% 1.40% $14.00 33.70% 12.69% 14.66% 07/07/38

Mid-Cap Growth

Russell Mid Cap Growth TR USD 21.10% 13.00% 13.46% N/A


MM S&P MID CAP INDEX R3 0.93% 0.00% 0.93% $9.30 13.20% 10.84% 13.90% 04/01/14

Mid-Cap Blend

Russell Mid Cap TR USD 13.98% 11.65% 9.94% N/A


Mid-cap stocks generally have higher risk and reward characteristics than large company stocks.

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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

SMALL-CAP

GOLDMAN SACHS SMALL CAPVALUE R

1.61% 0.00% 1.61% $16.10 8.48% 9.69% 10.78% 10/22/92

Small Blend

Russell 2000 TR USD 15.24% 11.07% 11.11% N/A


VICTORY SYCAMORE SMALLCO OPP R

1.53% 0.00% 1.53% $15.30 10.54% 12.37% 11.48% 08/16/83

Small Value



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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

SMALL-CAP

INVESCO SMALL CAPGROWTH R

1.45% 0.00% 1.45% $14.50 22.77% 12.91% 12.90% 10/18/95

Small Growth

Russell 2000 Growth TR USD 21.06% 12.14% 12.65% N/A


MM RUSSELL 2000 SMALL CAPIND R3

0.97% 0.00% 0.97% $9.70 14.38% 10.20% 13.97% 04/01/14

Small Blend

Russell 2000 TR USD 15.24% 11.07% 9.71% N/A


Small-cap stocks generally have higher risk and reward characteristics than large company stocks.

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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

INTERNATIONAL/GLOBAL

AMERICAN FUNDS EUROPACGROWTH R1

1.59% 0.00% 1.59% $15.90 0.36% 5.03% 5.68% 04/16/84

Foreign Large Growth

MSCI ACWI Ex USA Growth NRUSD

3.08% 5.32% 5.83% N/A


DELAWARE EMERGINGMARKETS R

1.91% 0.00% 1.91% $19.10 -7.37% 3.98% 6.55% 06/10/96

Diversified Emerging Mkts


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

INTERNATIONAL/GLOBAL

MM MSCI EAFE INTERNATLINDEX R3

1.06% 0.00% 1.06% $10.60 1.69% 3.53% 7.35% 04/01/14

Foreign Large Blend

MSCI ACWI Ex USA NR USD 1.76% 4.12% 3.29% N/A


Investments in international stocks involve risks associated with interest-rate and currency-exchange-rate changes as well as with market, economic, and political conditionsof the countries where investments are made. There may be greater returns but also greater risks than with U.S. investments. International stocks fluctuate in value and maybe worth more or less than their original cost.

SPECIALTY

THE HARTFORD HEALTHCARER3

1.62% 0.00% 1.62% $16.20 12.91% 14.92% 13.87% 05/01/00

Health

S&P 1500 Health Care TR 19.95% 15.89% 14.66% N/A


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Charge2

Total GrossAnnual

Expense Ratio 3


InceptionDate


Since Inception*

SPECIALTY

OPPENHEIMER REAL ESTATER

1.59% 0.00% 1.59% $15.90 2.71% 8.31% 6.64% 03/04/02

Real Estate

S&P United States REIT TR USD 3.84% 9.00% 7.41% N/A


* Since inception return is used for funds fewer than 10 years old. The performance returns reflected in this chart are calculated to the inception date of the initial class ofthe fund. The performance returns reflected in this chart with respect to each benchmark investment are calculated to the inception date of the fund share class to whichit is being compared.

© 2018 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copiedor distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arisingfrom any use of this information.

26

1 With respect to mutual fund investment options, this expense ratio is presented as the total annual fund or class operating expenses, before waivers and reimbursements, that have been paid by the fund and stated as a percent of the fund's total net assets. With respect to investment options that are not mutual funds, the expense ratio is intended to present similar information, but may have been calculated using methodologies that differ from those used for mutual fund investment options. The Gross Annual Underlying Fund Expense Ratio presented here do not reflect the effect of the Program and Administrative Charge applicable to your Plan's Contract.

2 A Program and Administrative Expense fee is deducted on the investment options in the Plan to cover administrative services under the Plan's contract.

3 If a Program and Administrative Charge is deducted on the investment options, the Total Gross Annual Expense Ratio is intended to reflect the effect of the Program and Administrative Charge applicable under your Plan's Contract by adding the charge to the Gross Annual Underlying Fund Expense Ratio for each applicable investment option.

4 If a Program and Administrative Charge is deducted on the investment options, these performance data reflect the deduction of the Program and Administrative Charge applicable to your Plan's Contract but do not reflect the possible imposition of any redemption fees or charges associated with any withdrawal benefits that may be available through your Plan. Your plan sponsor may elect to have the Program and Administrative Charge deducted from your plan's contract values on a quarterly basis or may elect to pay the Program and Administrative Charge directly. In either of these cases, these performance data do not reflect the deduction of the Program and Administrative Charge applicable to your Plan's Contract.

5 Average annual returns are calculated as a steady compounded rate of return over the period of time indicated. Returns are historical and include change in share value and reinvestment of dividends and capital gains, if any.

6 Any fees described in this section are fees paid directly from your investment in this option (e.g. redemption fees, exchange fees, account fees, purchase fees, transfer or withdrawal fees, and/or surrender charges). Your plan's contract may contain charges and adjustments that apply when the plan contract is discontinued (terminated). For further information, please contract your Plan Sponsor.

27

FIXED RETURN INVESTMENT OPTIONSThe table below focuses on investment options that have a fixed or stated return.

Fixed Return Investment Rate of Interest/Return Term

FIXED ACCOUNT 1.65% Quarterly

Fees and Restrictions:

Up to 1/6th of the total Fixed Account value for your Plan's contract can be transferred from the Fixed Account per twelve-month period or contract year, as applicable,subject to the competing fund restrictions.

Your plan's contract may contain charges and adjustments that apply when the plan contract is discontinued (terminated). For further information, please contact your PlanSponsor.

Certain special rules apply to the Fixed Account investment option upon contract discontinuance. If your employer discontinues the contract and moves the plan's assets toanother provider, amounts invested in the Fixed Account may be subject to a market value adjustment, which may alter the amount paid at discontinuance based on theformula set forth in the contract, or may be paid out over a set period of years as specified in the contract. Please contact your employer for more information.

Adjustment Provisions/Minimum Guaranteed Rate:

The rate of interest displayed is the current declared rate on an annualized basis and is effective for the term shown above. Your Plan's contract also includes a currentminimum guaranteed interest rate ("MGIR") of 1%. For some contracts, the MGIR is set for the life of the contract. For other contracts, the MGIR will be reset annually usingthe methodology described in the contract and will be subject to the contract's state of issue non-forfeiture law regarding minimum interest rates or, if no state law exists, theNational Association of Insurance Commissioners (NAIC) model non-forfeiture law.

For current information regarding the specific declared and minimum interest rates, associated with this investment option for your plan and contract, please visitwww.massmutual.com/retirementaccess or call 1-888-547-1405.

This table shows only the asset-based fees, charges and expenses associated with the investment choices of the group variable annuity contract, groupvariable funding agreement, or mutual fund program. Please refer to Part I for information on other fees and charges that may apply to your plan's contractsuch as a contingent deferred sales charge, annual maintenance fee, and other fees or charges, if applicable.

Please consider an investment option's objectives, risks, charges and expenses carefully before investing. This and other information about the investment option can be found in the applicable prospectuses (and/or summary prospectuses, if available), if any, or fact sheets for the investment options listed, which are available from your plan sponsor, on the participant website at www.massmutual.com/retirementaccess or by contacting our participant service center at 1-888-547-1405 between 8:00 a.m. and 8:00 p.m. ET, Monday through Friday. Please read them carefully before investing.

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The performance data shown represents past performance and is no guarantee of future results. The investment return and principal value of an investment may fluctuate so that when shares/units are redeemed they may be worth more or less than their original cost. Current performance may vary from the performance data quoted. Please visit www.massmutual.com/retirementaccess for more current performance information to the most recent month ended.

Documents

BEAVER MOTORS 401K PLAN (THE PLAN) PLAN ID: 836762 As … · 2018. 12. 5. · 1 BEAVER MOTORS 401K PLAN (THE "PLAN") PLAN ID: 836762 As of 10/31/18 IMPORTANT NOTICE Plan and Investment-Related